Porsche, VW Join to Build
New Sport-Utility Vehicle

FRANKFURT -- In a dramatic break from its sports-car tradition, Germany's Porsche AG confirmed plans to join with Volkswagen AG in the production of sport-utility vehicles.

In deciding to enter the highly contested, yet lucrative, market for off-road vehicles, Porsche said it will invest one billion marks ($561.6 million) in the project. VW did not specify the amount of its investment.